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S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants 4th Floor , Office 405 World Mark 2 , Asset No. 8 IGI Airport Hospitality District , Aerocity New Delhi 110 037 , India Tel +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended Review Report to The Board of Directors Affle ( India ) Limited 1 . 2 . 3 . 4 . We have reviewed the accompanying statement of unaudited standalone financial results of Affle ( India ) Limited ( the " Company " ) for the quarter ended September 30 , 2021 and year to date from April 01 , 2021 to September 30 . 2021 ( the " Statement " ) attached herewith , being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 , as amended ( the " Listing Regulations " ) . This Statement , which is the responsibility of the Company's Management and approved by the Company's Board of Directors has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 , ( Ind AS 34 ) " Interim Financial Reporting " prescribed under Section 133 of the Companies Act . 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India . Our responsibility is to express a conclusion on the Statement based on our review . We conducted our review of the Statement in accordance with the Standard on Review Engagements ( SRE ) 2410 . " Review of Interim Financial Information Performed by the Independent Auditor of the Entity " issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement . A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters , and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit . Accordingly , we do not express an audit opinion . Based on our review conducted as above . nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ( " Ind AS ) specified under Section 133 of the Companies Act , 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed , or that it contains any material misstatement . 5 . Emphasis of matter We draw attention to Note 9 to the accompanying financial results , which indicate that business combination under common control has been accounted for using purchase method in accordance with previous GAAP resulting in the recognition of goodwill of amounting Rs . 59.24 million as on September 30 , 2021 as prescribed under court scheme instead of using pooling interest method as prescribed under Ind AS 103 - Business Combinations as the approved court scheme will prevail over applicable accounting standard . Our conclusion is not modified in respect of this matter . For S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants ICAI Firm registration number : 101049W / E300004 per Yogesh Midha Partner Membership No .: 094941 New Delhi d UDIN : 21094941AAAAEM7161 Place : New Delhi Date : November 10. 2021 S.R. Batlibor & Associates LLP , a Limited Liability Partnership with LLP identity No. AAB - 4295 Regd . Office : 22. Camac Street , Block ' B ' , 3rd Floor , Kolkata - 700 016